Bangladesh: Cheese Market Overview 2021

Cheese Market Size in Bangladesh

In 2019, the Bangladeshi cheese market increased by X% to $X, rising for the second consecutive year after four years of decline. In general, consumption saw a mild descent. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. Cheese consumption peaked at $X in 2013; however, from 2014 to 2019, consumption remained at a lower figure.

Cheese Production in Bangladesh

In value terms, cheese production dropped to $X in 2019 estimated in export prices. In general, production recorded a deep setback. The pace of growth was the most pronounced in 2012 when the production volume increased by X% year-to-year. Cheese production peaked at $X in 2013; however, from 2014 to 2019, production remained at a lower figure.

Cheese Exports

Exports from Bangladesh

In 2019, overseas shipments of cheese decreased by -X% to X kg, falling for the third consecutive year after four years of decline. Over the period under review, exports saw a dramatic curtailment. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Exports peaked at X tonnes in 2009; however, from 2010 to 2019, exports stood at a somewhat lower figure.

In value terms, cheese exports fell sharply to $X in 2019. Overall, exports recorded a precipitous shrinkage. The most prominent rate of growth was recorded in 2012 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at $X in 2009; however, from 2010 to 2019, exports remained at a lower figure.

Exports by Country

From 2007 to 2019, the average annual rate of growth in terms of volume to No country was relatively modest.

From 2007 to 2019, the average annual rate of growth in terms of value to No country was relatively modest.

Cheese Imports

Imports into Bangladesh

Cheese imports into Bangladesh expanded notably to X tonnes in 2019, with an increase of X% compared with 2018. In general, imports posted a prominent expansion. The growth pace was the most rapid in 2014 when imports increased by X% y-o-y. Imports peaked in 2019 and are likely to see gradual growth in the near future.

In value terms, cheese imports soared to $X in 2019. Overall, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% y-o-y. Imports peaked in 2019 and are expected to retain growth in the near future.

Imports by Country

Australia (X tonnes), India (X tonnes) and the Netherlands (X tonnes) were the main suppliers of cheese imports to Bangladesh, with a combined X% share of total imports. The UK, New Zealand, the U.S. and Poland lagged somewhat behind, together comprising a further X 2007 to 2019, the biggest increases were in the UK (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cheese suppliers to Bangladesh were Australia ($X), India ($X) and the Netherlands ($X), together comprising X% of total imports. These countries were followed by the UK, New Zealand, the U.S. and Poland, which together accounted for a further X UK saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average cheese import price amounted to $X per tonne, picking up by X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum in 2019 and is likely to see gradual growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($X per tonne), while the price for the U.S. ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Poland, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cheese in the world?

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The U.S. (6.1M tonnes) constituted the country with the largest volume of cheese consumption, accounting for 24% of total volume. Moreover, cheese consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Germany (3M tonnes), twofold. The third position in this ranking was occupied by France (1.6M tonnes), with a 6.4% share.

What are the largest producers of cheese in the world?

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The countries with the highest volumes of cheese production in 2019 were the U.S. (6.3M tonnes), Germany (3.5M tonnes) and France (1.9M tonnes), with a combined 46% share of global production. These countries were followed by Italy, Poland, the Netherlands, Argentina, Russia, the Czech Republic, Egypt, the UK, Canada and Sudan, which together accounted for a further 27%.

What are the leading suppliers of cheese to Bangladesh?

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In value terms, the largest cheese suppliers to Bangladesh were Australia ($931K), India ($713K) and the Netherlands ($290K), with a combined 75% share of total imports. These countries were followed by the UK, New Zealand, the U.S. and Poland, which together accounted for a further 19%.

What is the average import price for cheese in Bangladesh?

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The average cheese import price stood at $4,950 per tonne in 2019, picking up by 3.1% against the previous year.